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VW Group shareholders demand Bentley return to profit

The Volkswagen Group's main shareholders are giving British ultraluxury division Bentley an ultimatum to turn around its finances and start earning a profit. The Piech and Porsche families did not say what would happen if the brand fails to return to the black, but they said it should happen within two years. "The important thing is for every (VW Group) brand to generate a reasonable contribution again," Wolfgang Porsche told the subscription-only Frankfurter Allgemeine Zeitung, as relayed by Automotive News. "That is not currently the case at Bentley, and we are not satisfied." Volkswagen Group has not yet issued its report for full-year 2018, but Bentley had lost the equivalent of $157 million through the first nine months on an 11 percent decline in sales. In 2017, Bentley sold 10,566 vehicles globally, with revenue down 9.2 percent from 2016. VW Group apparently cites the slow rollout of the Continental GT and the British pound's lower value amid Brexit talks, which makes the many parts it sources from continental Europe more expensive, as among the reasons. A German study last summer claimed that Bentley lost a little more than $19,000 on each car. Adrian Hallmark started as CEO in February 2018 after heading global brand strategy for Jaguar. Bentley in 2018 released the all-new 2019 Continental GT after a nine-month delay, and it revealed the GTC convertible version in Los Angeles. Hallmark has said 2019 "is a conversion year to a better business model" after a year plagued by problems that also included European WLTP certification. He announced last year the luxury brand would no longer build new sports cars, though the brand says it's still committed to the idea of the two-door GT. Bentley has also said it wants electrified versions of all its models by 2025, which will be an expensive proposition and will likely including plug-in hybrid versions of current models.

New Bentley Supersports coming in 2014

A report in Autocar says the next Bentley Continental Supersports will be ready for retail duty in 2014. If true, the coupe is meant to follow the same formula as the first generation, which means weight loss, honed reflexes and "improving braking power," that last one an eyebrow raiser because the Continental series already has some of the largest diameter brakes available on a production car.
A vulgar gain in horsepower isn't planned, however; the Supersports was never primarily about pure grunt, but rather being more connected to the grunt the Continental had. The previous Supersports (Bentley no longer offers it) put out 621 horsepower, but it's said that the coming model will move up to 650 hp, and that would put healthy distance between it and the 616-hp Continental GT Speed.
The Supersports would take a place at the head of the Continental line-up, but be briefly usurped there by a road-going version of the Continental GT3 race car if that comes to fruition. But whereas the street-legal GT3 car would be limited production, the new Supersports would be a series offering.

Weekly Recap: Auto execs face life in prison for recall delays under proposed legislation

The stiff punishments are part of broader transportation legislation, but clearly McCaskill has automakers in her sights.
Missouri Senator Claire McCaskill threw down the gauntlet this week, proposing a bill that could send auto executives to prison for life if they were found to have delayed a recall. She also wants to eliminate the limit for fines for auto safety violations, which are currently capped at $35 million.